The company expects to complete the transaction in the first quarter of 2011. The Guidance team of investment professionals currently located in Chicago will relocate to William Blair’s Chicago headquarters, and William Blair will maintain the existing Guidance Capital office in Delaware for the employees currently located in Delaware.
According to the announcement, Guidance Capital was founded in 2001 and manages a series of hedge fund of funds that fall under the broad categories of absolute-return, equity long/short, commodities, and managed futures strategies.“Guidance Capital gives us added perspective on the investment landscape. They will continue to operate as they successfully have to date, but will actively collaborate to leverage our broad intellectual talent for the benefit of all our clients,” said Michelle R. Seitz, head of William Blair Investment Management and a member of the firm’s executive committee, in the announcement.
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